Common use of Mortgage Payments Received Prior to Transfer Date Clause in Contracts

Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller on each related Mortgage Loan shall be properly applied by the Seller to the account of the particular Mortgagor.

Appears in 18 contracts

Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Mortgage Loan Sale and Servicing Agreement (GSR Mortgage Loan Trust 2006-Oa1)

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Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller on each related Mortgage Loan shall be properly applied by the Seller to the account of the particular Mortgagor.

Appears in 5 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar)

Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller Originator on each related Mortgage Loan shall be properly applied by the Seller Originator to the account of the particular Mortgagor.

Appears in 5 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1)

Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller Servicer on each related Mortgage Loan shall be properly applied by the Seller Servicer to the account of the particular each related Mortgagor.

Appears in 4 contracts

Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)

Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller Company on each related Mortgage Loan shall be properly applied by the Seller Company to the account of the particular each related Mortgagor.

Appears in 3 contracts

Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

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Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller on each related Mortgage Loan shall be properly applied by the Seller to the account of the particular Mortgagor.

Appears in 1 contract

Samples: Mortgage Loan Sale Agreement (J.P. Morgan Alternative Loan Trust 2007-A1)

Mortgage Payments Received Prior to Transfer Date. Prior to the related Transfer Date all payments received by the Seller or its designee on each related Mortgage Loan shall be properly applied by the Seller or its designee to the account of the particular Mortgagor.

Appears in 1 contract

Samples: Purchase and Warranties Agreement (Sasco 2006-Bc3)

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